Thomas TsangJan 14, 20201 minCost of inventoriesThe cost of inventories shall include material, cost of conversion and freight inwards cost. Cost of conversion include depreciation,...
Thomas TsangJan 9, 20201 minSignificant influenceSignificant influence is the power to participate in the financial and operating policy decision of the investee. Per FRS28, a 20%...
Thomas TsangDec 31, 20191 minIncremental borrowing costFRS116 Leases requires lease to discount at incremental borrowing cost rate. The rate should be in similar terms of a similar...
Thomas TsangDec 26, 20191 minDormant company not require for auditA company remain dormant since incorporation and throughout the period is not require to be audited whether it is PIE or not. And a small...